Interstate Gourmet Coffee Roasters, Inc. v. Seaco Insurance

The defendant insurance company (Seaco) appeals from a Superior Court judgment determining that, after credits for a partial payment and a deductible, the plaintiff (Interstate) was entitled to recover under its insurance policy for damages and cleanup costs in the amount of $69,504 for destroyed coffee. The judge calculated damages based on the coffee’s actual cash value, and determined that the actual cash value was most fairly represented by Interstate’s intended selling price, reduced by certain unincurred expenses. The sole issue on appeal is the calculation of damages at actual cash…